China has been much criticised for focusing its stimulus on investment, rather than consumption, but in China in the short term this is the quickest way to boost domestic demand.
It would bea lot easier to arrangeifwechanged our lifestyles to ones based on quality of life ratherthan consumption, measured by a happinessindexratherthan GDP.
If you wanted to focus on investment, ratherthanconsumption, he adds you could use the money to fund generous new investment allowances for UK businesses, instead.
They also funnel money into investment, ratherthanconsumption, as PAYGO plans do, which, by making the economy more productive, can help ease the burden of paying for retired workers.